LEGAL AND REGULATORYACHIEVING GROWTH - ACROSSLINE FINANCES REGISTRATION NO(SINGAPORE):53374201C SSIC CODE:66193 CLEARING AND SETTLEMENT OF FINANCIAL INSTRUMENTSSINGAPORE • HONG KONG • DUBAI • EUROPE
LEGAL AND REGULATORY
LegislationAnti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap. 615)Drug Trafficking (Recovery of Proceeds) Ordinance (Cap. 405)Organized and Serious Crimes Ordinance (Cap. 455)United Nations (Anti-Terrorism Measures) Ordinance (Cap. 575)Guidelines on anti-money laundering and counter-terrorist financingGuideline on Anti-Money Laundering and Counter-Terrorist Financing (July 2012)Prevention of Money Laundering and Terrorist Financing Guideline issued by the Securities and Futures Commission for Associated Entities (April 2012)
Fining GuidelinesSFC Disciplinary Fining Guidelines issued under the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap. 615)
FAQsFAQs on Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (March 2012)ANTI-MONEY LAUNDERING & COUNTER-TERRORIST FINANCINGAnti-Money LaunderingCountering the Financing of Terrorism and Targeted Financial SanctionsAs an international financial centre and transport hub, Singapore supports global efforts to combat money laundering, terrorism financing and proliferation financing.Anti-Money Laundering / Countering the Financing of Terrorism (AML/CFT)Singapore is a member of the Financial Action Task Force (FATF) and a founding member of the Asia / Pacific Group on Money Laundering. We are committed to implementing a robust regulatory and supervisory regime in line with the FATF Standards (2012) and international best practices.Singapore has established a strict and rigorous AML/CFT regime through legislation, policy and supervision to safeguard against the abuse of our financial system for criminal activities.
Targeted Financial SanctionsAs a member state of the United Nations (UN), Singapore is committed to implementing the UN Security Council Resolutions (UNSCRs). MAS gives effect to the targeted financial sanctions in the UNSCRs through the MAS Regulations, which apply to all financial institutions in Singapore.
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